Expanding our Leadership Team and increasing our regional presence.
Knights has continued to grow this year, welcoming more new colleagues and outstanding businesses attracted by our culture and purpose whilst also further adding to our leadership team. Our commitment to integration and on-boarding reflects our belief that it is our people who are key to the success of our business.
We recognise that our continued success and growth is underpinned by our teams being together and connected across the whole business, and through having high levels of engagement with our leadership team. Our Client Services Directors, working alongside our established team of Operations Directors, bring a unique combination of strong, invested and highly engaged local and regional leadership working together as one national team with a shared vision and purpose.
Our business model continues to show resilience across the economic cycle, providing a strong platform for further geographical and organic growth driven by our experienced leadership team.
Financial highlights
In a year of solid progress, the Group has continued to deliver good revenue growth and excellent cash conversion with lower than expected year-end net debt.
A diversified, premium provider of legal and professional services with national scale.
Increasingly unique in the sector, Knights brings an unrivalled breadth of consistently high quality services to multiple regional markets.
Statements
Our strategy
Underpinned by our vision to create the leading premium, fully collaborative legal and professional services business in the UK, our unique business model enables us to build value by executing our strategy across four pillars:
Building our platform for organic growth.
While overall organic growth in the financial year was flat due to the one-off impact of higher post-COVID employee churn, macroeconomic challenges and firmly maintaining our long-term strategy of focusing on premium work and avoiding the squeezed middle market, underlying drivers of organic growth remain healthy.
Over recent years, our acquisition strategy has been a key factor in helping us achieve critical mass enabling us to quickly establish the business across the UK.
Our increased size and expanded footprint have delivered a step change in the Group’s reputation and visibility, expanding our client base and increasing our recruitment pool.
We have continued to strengthen our leadership and operational infrastructure to support our growth plans.
By continuously investing in and developing our leadership team and operational infrastructure, we are building a strong and agile platform which will support and promote future organic and acquisitive growth.
Utilising technology to grow margin and differentiate our services is a core part of our strategy.
Having created a robust, scalable platform able to integrate acquisitions in a matter of weeks, our focus is shifting to enhancing client services by creating an experience both for our clients and colleagues based on speed and quality of service which differentiates us from the competition.
The use of technology across the business to enhance and support our premium services and to grow profitability is a core part of our strategy. Technology continues to revolutionise the way we operate, elevating efficiency, productivity, and client service.